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A Blog for Indian Stock Market

Wednesday, August 31, 2016

Nifty broke past 8740! Short term momentum and portfolio stock added.


Nifty Daily Nifty finally manages to close above crucial resistance zone at 8740; giving more confidence for the bulls that another leg up is due probably towards new high. The last one month of sideways consolidation has absorbed all over-heatedness found in the...

Nifty broke past 8740!


Nifty Daily Nifty finally manages to close above crucial resistance zone at 8740; giving more confidence for the bulls that another leg up is due probably towards new high. The last one month of sideways consolidation has absorbed all over-heatedness found in the...

Sunday, August 28, 2016

Weekend Trackpad


Hi All, Please find attached the weekend tracker... http://tinyurl.com/gtbjhb4 Thank you. Praveen Pathiy...

Thursday, August 25, 2016

Tuesday, August 23, 2016

Nifty @ an interesting spot...Held 8580


Nifty Daily Last week I had mentioned two things: One: the downside move in Nifty would not be so smooth because of too many support holding up Nifty Bulls, Two: The importance of the raising upward channel would act as a key trigger for next move. Both we witnessed...

Monday, August 22, 2016

Stock of the day: Radico Khaitan


After the downside move, Radico has given a breakout with heavy volumes last week. If the breakout is for real; we could see prices moving towards 115 - 125 very soon. The price-volume breakout on the weekly chart makes this stock a favorite for the day. ...

Sunday, August 21, 2016

Weekend Trackpad


Good Morning all! It was another good week that just got over. We have squared off many positions from our kitty on Friday. We just wanted to trim and keep it simple over the next few weeks. Attached along with is the latest track pad updated as on Friday, 19th August, 2016.  http://tinyurl.com/gtah45q Regards, Praveen Pathiy...

Friday, August 19, 2016

Thursday, August 18, 2016

Wednesday, August 17, 2016

Trackpad as on 17th August, 2016


Hi everyone, Usually I update this trackpad every weekend; however due to extensive travelling I missed it last week. Here is the trackpad link and will try to update this every weekend. http://tinyurl.com/zxkvjzy Praveen Pathiy...

Nifty Outlook for 17th August, 2016


Nifty Daily: Nifty has been consolidating with negative bias at the higher levels. It is now fast approaching the support of the raising trend channel. Last week we noted, it's not going to be easy for Nifty to go down that smooth as it has created too many support...

Thursday, August 11, 2016

Nifty Outlook for 11th August, 2016.


After closing above 8666 – 8680 resistance zone for two trading days; Nifty enters into a profit booking mode. Is this merely a profit booking or correction is in place? Well the speculators seems to be confident that the correction is in place. Looking at the Nifty Futures...

Tuesday, August 9, 2016

Nifty continues rally ahead of RBI meet


Nifty closed above 8700 making it yearly high close for this year. Ahead of policy meet, this close suggests that market might be discounting a probable rate cut coming up in next month's policy decision. As far as technicals are concerned; nifty still looks positive and more room left on upside towards 8878. Any close below 8580 only needs to be looked into as a alarming sign. For the day, bulls...

Monday, August 8, 2016

Friday, August 5, 2016

Weekend Trackpad


Good evening all, It was a very volatile week, having moved sharply lower; Nifty rose completely by end of the week. The positive is: it did close above 8666-8680 resistance zone. Ending at this positive note, Nifty should move higher towards 8878 the week ahead. However, will do the analysis by weekend. Quick Link: http://tinyurl.com/zc8ucap for looking at the weekly trackpad. Happy weekend. Praveen...

Thursday, August 4, 2016

Wednesday, August 3, 2016

Monday, August 1, 2016

Nifty fails to close above 8666.


Wild swings, Nifty failed to close above 8666, indicating the tug of war between Bulls and Bears continues. While Nifty Bulls and Bears continues to fight for next price action; stocks resumed its underlying trend. Thus we witnessed huge buying pressure in quality...

Monday's Short term momentum calls...


Good Morning all! Firstly, what to expect from markets this week? If Nifty manages to close above 8666, then it would rise immediately towards 8878. Looking at the weekly chart, Nifty could find profit booking during the fag end of this week; probably second half of...